Fill Out Your DFI Corp 504 Form

What is the DFI Corp 504 form?

The DFI Corp 504 form is used to amend the Articles of Organization for a Limited Liability Company (LLC) in Wisconsin. It allows LLCs to make changes such as updating their name, registered office address, or management structure. Completing this form ensures that the state records reflect accurate information about your business.

What is the filing fee for the DFI Corp 504 form?

The standard filing fee for the DFI Corp 504 form is $40. If you need your amendment processed more quickly, you can request expedited service for an additional $25, making the total fee $65 for expedited processing. Keep in mind that these fees are non-refundable.

How do I submit the DFI Corp 504 form?

You can submit the DFI Corp 504 form by mailing it to the Department of Financial Institutions. You need to include the proper filing fee with your submission. Payments should be made out to the Department of Financial Institutions. For faster service, consider submitting your amendment online at www.wdfi.org.

What information is required on the DFI Corp 504 form?

The form requires several pieces of information including the name of the LLC, the details of the amendments being made, information about the registered agent, and the date the document was executed. You also need to indicate whether the amendments were approved by the required vote. Make sure to provide complete and accurate information to avoid delays.

Can I change the name of my LLC using this form?

Yes, you can change the name of your LLC by using the DFI Corp 504 form. Just check the appropriate box for the name amendment and provide the new name you wish to use. Remember, this name change doesn’t take effect until the amendment is processed by the state.

How can I track the status of my amendment after submission?

When filling out the DFI Corp 504 form, one common mistake involves providing an incorrect or incomplete name of the limited liability company. It is crucial to ensure that the name matches exactly with the original articles of organization. Using abbreviations or altered spellings can cause confusion and delay in the processing of the amendment.

Another frequent error is failing to specify the new name or the amended details clearly in Section 2 of the form. Omitting essential information, such as the street address of the registered office or the registered agent's name, can lead to rejection of the application. Applicants should carefully read the instructions and provide all necessary details.

Many individuals overlook the requirement to indicate whether the amendment was adopted by the specified vote. Section 3 of the form requires a simple “Yes” or “No.” Neglecting this crucial checkbox can result in the form being deemed incomplete. Make sure this section is addressed to avoid unnecessary complications.

Improper dates are another common mistake. Filling out the execution date incorrectly in Section 5 can create issues. It's vital to enter the date in the MM/DD/YYYY format as outlined in the instructions. Attention to detail here will prevent delays in processing the amendment.

Contact information must also be accurate. Filling out Section 7 without current and correct details can hinder communication from the Department of Financial Institutions. If questions arise, they need to reach the applicant quickly. Ensure that the name, address, phone number, and email address are all up-to-date.

Lastly, many people forget about the filing fees. The total cost includes both the basic $40 fee and a potential $25 expedited service fee if chosen. Confirm that payment is attached and that it is made payable to the Department of Financial Institutions. Not including the correct fee could delay the processing time significantly.

The DFI Corp 504 form is used to amend the articles of organization for a limited liability company in Wisconsin. Along with the form, several other documents may be necessary to complete the filing process. Below are four documents often associated with the amendment process.

• Certificate of Good Standing: This document verifies that the limited liability company is in compliance with state regulations. It shows that the company is authorized to conduct business in Wisconsin and has fulfilled all necessary filing requirements.
• Operating Agreement: This internal document outlines the management structure and operating procedures of the limited liability company. It may need to be amended as well to reflect changes in management or ownership following the filing of the DFI Corp 504 form.
• Identification of Registered Agent: This document provides the name and address of the registered agent for the company. If there is a change in the registered agent following the amendment, this form must be filed to reflect the new agent's information.
• Annual Report: Annual reports provide updates about the company, including changes in management or address. Filing an annual report may be required concurrently with the amendment, depending on the timing of the amendment within the filing year.

These documents play a supportive role in the amendment process to ensure compliance with state laws and regulations. It is advisable to review the requirements carefully to avoid delays in processing.

• LLC Articles of Organization: This document establishes the existence of a limited liability company in Wisconsin. Much like the DFI Corp 504 form, it requires details about the LLC's name, registered agent, and management structure.

• LLC Operating Agreement: While the DFI form focuses on amendments to the organization, the Operating Agreement outlines the internal workings and guidelines of the LLC. Both documents are essential for defining the structure and operation of the business.

• Certificate of Amendment: Similar to the DFI Corp 504, this document is used to formally amend the existing articles of organization. It also requires approval by the members or managers of the LLC.

• Annual Report: An Annual Report updates the state on the LLC’s status and financial condition. Like the DFI Corp 504 form, it must be filed with the Department of Financial Institutions and may require similar information about management.

• Statement of Information: This document provides updated contact and management information for the LLC. Just as the DFI form requests current information, the Statement of Information serves to keep state records accurate.

• Application for Certificate of Status: This application verifies that a business entity is registered and in good standing. Similar to the DFI Corp 504 form, it serves an administrative purpose, ensuring compliance with state regulations.

• Foreign LLC Registration: If an LLC wants to operate in another state, it must file for foreign registration. This document and the DFI form both involve formal submissions to state authorities for the recognition of the business entity.

• Business License Application: This document is necessary to operate legally in many jurisdictions. Like the DFI Corp 504 form, it requires detailed information about the business, ensuring adherence to local regulations.

When completing the DFI Corp 504 form, it is crucial to pay attention to specific guidelines to ensure that the process goes smoothly. Here is a list of seven essential dos and don'ts to keep in mind.

• Do read all instructions carefully before starting to fill out the form.
• Do provide a clear and accurate name of the limited liability company as it appears in the original articles of organization.
• Do ensure that all signatures are properly dated to avoid any delays.
• Do include the correct filing fee of $40.00, making checks payable to the Department of Financial Institutions.
• Don't forget to indicate whether you are opting for expedited service, if desired, and include the additional fee of $25.00.
• Don't leave any required fields blank; incomplete information can result in rejection.
• Don't assume that submission is successful without tracking the status of your filing after submission.

Misconceptions about the DFI Corp 504 form can lead to confusion and errors. Here are some of the most common misunderstandings:

• 1. The filing fee is optional. Some believe that they are not required to pay the $40 filing fee, but this fee is mandatory for processing the amendment.
• 2. Expedited service guarantees an immediate amendment. While the optional $25 expedited service speeds up processing, it does not mean the amendment will be executed instantly.
• 3. The form can be submitted without a signature. It is crucial that the form is signed by an authorized individual, as failure to do so will result in rejection of the filing.
• 4. All information provided is confidential. Although certain protections exist, information submitted can be used for secondary purposes, meaning it may not be completely confidential.
• 5. Changing the name of the LLC is the only purpose of the form. In addition to name changes, this form can also be used to amend the registered office address or management structure of the LLC.
• 6. An amendment takes effect immediately upon submission. A delayed effective date may be specified, which can change when the alterations become official. This is an option that should not be overlooked.

Understanding these points can help ensure that the filing process is handled smoothly and efficiently.

Filling out and using the DFI Corp 504 form requires attention to detail. Here are key takeaways to consider:

• Filing Fee: Submit a non-refundable fee of $40.00 along with the completed form.
• Expedited Service: For quicker processing, an additional fee of $25.00 can be paid for expedited service.
• Accurate Information: Ensure all details, such as the name of the limited liability company and registered agent, are accurately filled in.
• Vote Requirement: Confirm that the amendments to the Articles of Organization were adopted with the necessary votes.
• Delayed Effective Date: If applicable, indicate a delayed effective date for the amendments.
• Online Submission: Consider saving time and money by submitting your amendment online at www.wdfi.org.

Following these steps will help ensure the smooth processing of your amendment. If you have questions, reach out via the contact information provided in the form.